N311.94bn Generated As VAT in Q2 2019 - NBS

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Monday, August 26, 2019  06:30 PM / NBS  

 

Sectoral distribution of Value Added Tax (VAT) data for Q2 2019 reflected that the sum of N311.94bn was generated as VAT in Q2 2019 as against N289.04bn generated in Q1 2019 and N269.79bn generated in Q2 2018 representing 7.92% increase QoQ and 16.95% increase YoY. 

Other manufacturing generated the highest amount of VAT with N34.43bn generated and closely followed by Professional Services generating N29.58bn, Commercial and Trading generating N16.27bn while Mining generated the least and closely followed by Pharmaceutical, Soaps & Toiletries and Textile and Garment Industry with N50.60mln, N250.09mln and N316.91mln generated respectively. 

Out of the total amounted generated in Q2 2019, N151.56bn was generated as Non-Import VAT locally while N94.90bn was generated as Non-Import VAT for foreign. The balance of N65.48bn was generated as NCS-Import VAT.


Click Here to Download Q2 2019 VAT PDF Report

  

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Latest 2019 NBS Reports 

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Q3 2019

1.       Average Fare Paid By Commuters For Intercity Journey Increased By 0.76% MoM in July 2019

2.      Average Prices of 1kg of Tomato Decreased YoY By -39.74% to N203.55 in July 2019 - NBS

3.      Average Prices of PMS, AGO, HHK and Cooking Gas - July 2019

4.      Headline Inflation Increases By 11.08% YoY in July 2019; 0.14% Lower Than June 2019 Rate

5.      5.61bn Litres of PMS Imported into Nigeria in Q2 2019 - NBS

6.      Average Fare Paid For Bus Journey Inter City Increased By 0.17% MoM to N1,606.92 in June 2019 - NBS

7.      Average Price of 1kg of Tomatoes Decreased By -9.40% MoM to N226.07 in June 2019 - NBS

8.     Nigeria’s Total Public Debt Stood At N24.97trn in Q1 2019 - NBS

9.      Average Prices of PMS, AGO, HHK and Cooking Gas - June 2019

10.  Headline Inflation Increases By 11.22% YoY in June 2019; 0.18% Lower Than May 2019 Rate

11.   1.01m Passport Applications Received in 2018 - NBS

12.  FAAC Disburses N616.20bn in May 2019 - NBS

13.  Total Value of Capital Importation into Nigeria Stood at $8,485.49m in Q1 2019

 

Q2 2019

14.  All Commodity Group Export Price Index Rose By 1.85% In Q1 2019

15.  Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in May 2019 - NBS

16.  Average Prices of PMS, AGO, HHK and Cooking Gas – May 2019

17.   Headline Inflation Increases By 11.40% YoY in May 2019; 0.03% Higher Than April 2019 Rate

18.  8.57m Workers Are Registered Under The Pension Scheme As At Q1 2019 - NBS

19.  Nigeria’s Merchandise Trade Grew Marginally By 2.50% QoQ in Q1 2019

20. Banking Sector Records 557.08m Volume of Transactions in Q1 2019 - NBS

21.  723,995 Passengers Travelled Via Rail in Q1 2019 - NBS

22. NBS Publishes Additional 11 States Nominal GDP From 2013 to 2017

23. N289.04bn Generated as VAT in Q1 2019 - NBS

24. 4.87bn Litres of PMS Imported in Q1 2019 - NBS

25. FAAC Disburses N617.57bn in April 2019 - NBS

26. Average Price of 1kg of Tomato Increased by 7.05% MoM to N257.25 in April 2019 - NBS

27.  Average Fare For Bus Journey Intercity Increased By 0.77% MoM to N1604.36 in April 2019 - NBS

28. Nigeria's GDP Grew By 2.01% YoY In Real Terms In Q1 2019

29. Headline Inflation Increases By 11.37% YoY in April 2019; 0.12% Higher Than March 2019 Rate

30. Average Prices of PMS, AGO, HHK and Cooking Gas - April 2019

31.  N3.42m Students Enrolled in Public Senior Secondary School in 2017 - NBS

32. N324.59bn Generated as IGR in Q4 2018 - NBS

33. Akwa Ibom State Reports Highest Unemployment Rate of 37.7% in Q3 2018 - NBS

34. 316,365kg of Drug Seized in 2018 - NBS

35. Average Price of 1kg of Tomato Decreased By 6.32% MoM to N240.29 in March 2019 - NBS

36. Average Fare Paid By Commuters Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 - NBS

37.  Headline Inflation Increases By 11.25% YoY in March 2019; 0.06% Lower Than February 2019 Rate

38. Average Prices of PMS, AGO, HHK and Cooking Gas - March 2019

39. FAAC Disburses N619.86bn in March 2019

40. Domestic Passenger Traffic Grew By 23.19% YoY in 2018 - NBS

41.  Lagos State Has The Highest Debt Profile in 2018 - NBS

42. 1.65m Applications Received By JAMB in 2018 - NBS

43. FAAC Disburses N660.37bn in February 2019

44. Nigeria Produced 55.81m Tonnes of Solid Minerals in 2018 - NBS

 

Q1 2019

45. 8.41m Workers Are Registered Under The Pension Scheme As At Q42018 - NBS

46. Average Price of 1kg of Yam Tuber Decreased By -2.24% MoM to N206.48 in February 2019 - NBS

47.  All Region Terms of Trade Fell -2.78% Due to a Fall in the Prices of Goods Traded in Africa - NBS

48. Average Fare Paid By Commuters Within City Increased By 1.43% MoM to N177.57 in February 2019 - NBS

49. Headline Inflation Increases By 11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate

50. Average Prices of PMS, AGO, HHK and Cooking Gas - February 2019

51.  Active Voice Subscribers Grew By 6.66% in Q4 2018 - NBS

52. 2,532 Road Traffic Crashes Occurred in Q4 2018 - NBS

53. Total Trade Declined By 5.1% QoQ in Q4 2018; Rose By 42.9% YoY

54. GDP By Income and Expenditure Approach Q1 and Q2 2018 - Household Final Consumption Grew by 0.78%

55.  1.67m Customers Metered As At Q4 2018 - NBS

56. N298.01bn Generated as VAT in Q4 2018 - NBS

57.  Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 - NBS

58. Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS

59. FAAC Disburses N649.19bn in January 2019

60. Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019

61.  Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate

62. Average Prices of PMS, AGO, HHK and Cooking Gas - January 2019

63. Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 - NBS

64. Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year

65. 828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 - NBS

66. States Generate N264.38bn as IGR in Q3 2018 - NBS

67.  NBS Publishes Drug Use in Nigeria 2018 Survey Report

68. FAAC Disburses N3.19trn To FG in 2018 - NBS

69. FAAC Disburses N2.38trn To FG in 2017 - NBS

70. FAAC Disburses N812.76bn in December 2018 - NBS

71.   Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36

72.  Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61

73.  Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate

74.  Average Prices of PMS, AGO, HHK and Cooking Gas - December 2018

 

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